Sales Contest Ideas for Channel Sales Partners
11 minutes read
Motivating better performance from channel partners is challenging. Reasons being:
You are dealing with salespeople you have no direct influence over
You are not the only organization that your partners are working with
But it’s crucial to keep your brand at the top of your channel partner’s mind in order to achieve great sales results.
You need to work closely with your channel partners to
Engage them with your brand
Create good brand recall
Train them according to your business standards
Wondering how to do all this? An innovative way is to run engaging sales contests.
Here are some sales contest ideas for channel partners:
1. The New Product Launch Contest
Goal: To get your channel sales reps to promote the sales of your newly launched product
Duration: 3 quarters
How to run the contest? This contest can be run to cover 2 purposes. Drive exposure and learning for the new product and continue into the launch, through the 1st 2 quarters of sales.
Divide them up into teams. If you work with multiple channel partners, and you want to cover all of them, each channel partner can have a team. These teams compete with each other with scores and rankings tracked on a live leaderboard. Scores from both product learning and sales numbers can be added into the same leaderboard.
Prizes: With a contest that runs for 3 quarters, its always good to have multiple prizes at different points in time. This helps to keep the motivation high.
Monthly winner - Prize given out to the person who tops the leaderboard that month
Quarterly Winner - Prize given out to the person who tops the leaderboard that quarter
Best Team of the Month
Best Team of the Quarter
Also, present smaller prizes to all the participants in order to appreciate their participation and encourage it going forward.
Contest Theme: You can run the contest on any theme that will catch the audience’s attention. It could be on
on a sports theme like IPL or NFL or Soccer or Racing
Or, add it to any existing campaign that you are running with your Channel Partners
A partner summit is a great opportunity to do this. Use your partner conferences to debut your new products. Provide your partners with hand-on sessions with your latest innovations. Also, highlight what you intend to achieve with the new product.
This way you can align your partners with your company’s vision and goals. This goes a long way towards motivating them to help you deliver on your aspirations.
2. Quarterly Revenue Contest
Goal: To motivate the channel sales reps to meet your quarterly revenue target
Duration: One quarter
Winner: The rep who brings in the highest amount of revenue.
Prizes: Reward the winner with a cash reward or some goodies. Present smaller prizes to all the participants to appreciate and encourage their participation.
How to run the contest? Conduct this as a quarterly contest. Motivate the channel sales reps to sell your products actively through the quarter and hit the quarterly revenue target. Track the progress of the competition on a live leaderboard. By the end of the quarter, the rep who brings in the highest amount of revenue wins the contest. You can choose to add a learning track with this contest as well.
3. The Knowledge Wizards Contest
Goal: To build brand recall and fluent knowledge of your products. This contest can be conducted as part of a channel sales training program as well.
Frequency: Once every week
Winners: At the end of each month, calculate the cumulative score of each rep from the quizzes taken throughout the month. The winner will be the rep with the highest total score.
Prize: Give a cash bonus to the winner and an opportunity to take a trip to your factory or HQ.
How to run the contest? Conduct a short quiz once every week. Ask 5 questions every week. The questions can be on your product offerings, market, compliances & policies, competitors. Track the quiz scores on a live leaderboard. At the end of each month, declare the rep with the highest quiz score as the winner.
The itinerary could involve:
Seeing how your products are made
Meeting the head of the company
Getting to see what new innovations are on the horizon
Having a special delicious lunch with the head of your sales department
And, getting a good souvenir by the end of the trip
This makes a fun workday for the channel sales reps and gives them a break from their routine work schedule. The memories they make will keep your brand at the forefront of their mind.
4. Pitch Perfect
Goal: It’s crucial to ensure that all channel sales reps deliver a uniform product and brand message while selling.
Frequency: Once a month
Winners: The rep who delivers a perfect product and brand message.
Prize: You can choose to give any one of these prizes– Amazon gift cards, Entertainment Tickets, Weekend Getaway.
How to run the contest? Run a video coaching contest. Before conducting the contest, share an example video showing how to perfectly deliver your brand message while pitching your products.
Motivate the channel reps to pitch any one of your products and embed the brand messaging perfectly into the pitch. Whoever presents the best pitch wins the competition.
5.Upsell and Prosper
Goal: This contest aims at motivating the channel reps to upsell to the existing customers.
Duration: 8 weeks
Winners: The rep who makes a significant up sale wins the competition
Prize: Amazon gift card plus lunch with your company’s executive
How to run the contest? This contest will encourage your channel reps to try and upsell to the customers who regularly purchase your products. Add points to each of the products.
Start off with sharing some of the upsell opportunities that can be created. For example, if the customer bought a computer, he might also need headphones to run virtual calls. Keep sending such examples to your channel sales so that it stays at the top of their minds.
Create a live leaderboard where you keep track of the progress of the contest. By the end of the contest, who has the maximum number of points wins the competition.
6. Deal or no deal
Goal: To motivate the channel reps to close more deals
Duration: 1 month
Winner: The rep who closes the most number of deals by the end of the contest
Prize: Huge financial incentive (bonuses)
How to run the contest? Announce this contest ahead of time to your channel partners. Before the contest begins, send short study materials regularly to the reps to prepare them for the contest. The idea is to help them to get prepared.
Run the contest for 1 month and motivate the reps to close as many deals as they can. Track each rep’s progress on a live leaderboard. By the end of the contest, the rep who closes more deals than the rest wins a major financial incentive.
7. Seasonal Sales Olympics
Goal: If you are running exciting seasonal offers or discounts on your products, run this contest to promote them.
Duration: During your offer period.
Winner: The top 3 reps who sell more number of units of the products
Prize: Award different tiers of prizes to the 3 winners. Like: The first place holder gets– a gold medal + cash reward The second place holder gets– a silver medal + cash reward The third place holder gets– a bronze medal + cash reward.
How to run the contest? Communicate the offer details to your channel partners, in advance. Provide the channel sales reps with detailed information on the kind of offers you are running on various products.
Track each reps’ progress in the competition on a live leaderboard. Select the top 3 reps who sell the highest number of products than the rest as the winners.
8. Most Wanted
Goal: Within your industry, you must have a few large customers who you’d love to have as clients. This contest helps you with that goal.
Duration: Two Hours
Winner: All the reps who successfully onboard prospects from the “most-wanted” list.
Prize: Movie tickets for the weekend and dinner reservation at the best luxury dining restaurant
How to run the contest? Pick a Monday morning and schedule to run this contest for two hours. Assign a list of “most wanted” prospects to each one of the reps. Motivate them to contact the prospects in their list and try to enter them into the sales cycle. Reward all the reps who successfully enter at least one prospect from their list into the sales cycle.
9. Retention Force
Goal: This contest aims at encouraging the channel reps to retain more customers
Duration: Quarterly or yearly contest
Winner: The rep who retains more customers than the rest
Prize: Let the winner decide what she wants as a prize
Contest Theme: Run this as a quarterly or yearly contest and encourage the sales reps to focus on retaining customers who are on a renewable contract. By the end of the contest, whoever retains more customers wins the competition.
But, limit the choice in order to ensure what they choose is feasible. You can create a list of prizes and have the winner pick one from that list. Like:
The latest tech gadgets
Huge financial incentive
A trip to Bali etc.
This shows them that you truly care about their preferences.
10. Commission Spike
Goal: To encourage the channel sales reps to bring in the largest sales in terms of order value
Duration: One month
Winners: The rep who wins the largest contract
Prize: Double the commission
How to run the contest? Run this contest for one month and start it at the beginning of the month. Encourage the channel reps to aim and shoot for the moon (win the biggest sale). Use a leaderboard to track the contest results. By the end of the contest, the rep who makes the largest transaction wins the competition.
Published on Fri Jul 24 2020